SECURITIES

Mortgage Dealers to Be Fined for Abuses: The Federal Home Loan Mortgage Corp. said it will fine members of its Wall Street dealer group who inflated orders and falsified information on its debt securities. Freddie Mac said it is also putting certain members of its 25-member group on probation. It would not name the offending firms. At a congressional hearing last week, a Freddie Mac official disclosed that more than two-thirds of the firms that buy its debt securities have acknowledged inflating the level of customer orders for the debt. This ensures that the firms get a hefty slice of any debt offering.